Exemption from capital gain: reinvestment in specified bonds defers tax, subject to three-year holding condition. Notification designates bonds issued by M/s. Weizmann Limited as qualifying reinvestment for exemption from capital gain on transfer of long-term capital assets, subject to investment being made out of income chargeable as capital gain and a three-year holding-period condition that renders the initial investment chargeable as capital gain if the bonds are transferred within that period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption from capital gain: reinvestment in specified bonds defers tax, subject to three-year holding condition.
Notification designates bonds issued by M/s. Weizmann Limited as qualifying reinvestment for exemption from capital gain on transfer of long-term capital assets, subject to investment being made out of income chargeable as capital gain and a three-year holding-period condition that renders the initial investment chargeable as capital gain if the bonds are transferred within that period.
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